Thursday, May 29, 2014

MetroGroup Realty Finance Secures More Than $30 Million in Financing for Three Southern California Properties

  
Patrick Ward
Orange County, CA– MetroGroup Realty Finance, a private, Orange County-based mortgage banking firm, has successfully arranged more than $30 million in financing on behalf of its clients for the acquisition and refinance of three different properties totaling more than 194,488 square feet throughout Southern California.

According to Pat Ward, founder of MetroGroup Realty Finance, “Our refinance activity is increasing due to a dominant trend facing our industry which is the upcoming spike in commercial loan maturities beginning in 2015.”

The Mortgage Bankers Association (MBA) forecasts a 72 percent increase from 2014 to 2015 in commercial and multi-family loan maturities by non-bank lenders, and an additional 34 percent from 2015 to 2016.

“We are already seeing the effect this trend is having on decisions being made today,” Ward adds.  “For example, we are working with several clients with pending maturities over the next two years to see if a future funding commitment is worth consideration to mitigate any refinance risk, as rates have risen slightly over the last year.”

For a complete copy of the company’s news release, please contact:

Jenn Quader or Lexi Astfalk
Brower, Miller & Cole
(949) 955-7940

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